Tsakos Energy Navigation (Tsakos Energy Navigation) Dividend Payout Ratio : 0.20 (As of Dec. 2023)

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What is Tsakos Energy Navigation Dividend Payout Ratio?

Tsakos Energy Navigation's dividend payout ratio for the months ended in Dec. 2023 was 0.20.

The historical rank and industry rank for Tsakos Energy Navigation's Dividend Payout Ratio or its related term are showing as below:

TNP' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.04 Med: 0.23 Max: 0.54
Current: 0.08

During the past 13 years, the highest Dividend Payout Ratio of Tsakos Energy Navigation was 0.54. The lowest was 0.04. And the median was 0.23.

TNP's Dividend Payout Ratio is ranked better than
95.79% of 451 companies
in the Oil & Gas industry
Industry Median: 0.44 vs TNP: 0.08

As of today (2024-04-26), the Dividend Yield % of Tsakos Energy Navigation is 2.31%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Tsakos Energy Navigation was 9.51%. The lowest was 0.51%. And the median was 3.30%.

Tsakos Energy Navigation's Dividends per Share for the months ended in Dec. 2023 was $0.30.

During the past 12 months, Tsakos Energy Navigation's average Dividends Per Share Growth Rate was 140.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 17.00% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -15.70% per year. During the past 10 years, the average Dividends Per Share Growth Rate was -13.50% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Tsakos Energy Navigation was 57.40% per year. The lowest was -53.60% per year. And the median was -20.60% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Tsakos Energy Navigation Dividend Payout Ratio Historical Data

The historical data trend for Tsakos Energy Navigation's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Tsakos Energy Navigation Dividend Payout Ratio Chart

Tsakos Energy Navigation Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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0.31

0.04

0.08

Tsakos Energy Navigation Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio	Get a 7-Day Free Trial															0.05	-	0.19	-	0.20

Competitive Comparison of Tsakos Energy Navigation's Dividend Payout Ratio

For the Oil & Gas Midstream subindustry, Tsakos Energy Navigation's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tsakos Energy Navigation's Dividend Payout Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Tsakos Energy Navigation's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Tsakos Energy Navigation's Dividend Payout Ratio falls into.

Tsakos Energy Navigation Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Tsakos Energy Navigation's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	0.6	/	7.581
	=	0.08

Tsakos Energy Navigation's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	0.3	/	1.537
	=	0.20

Tsakos Energy Navigation (NYSE:TNP) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Tsakos Energy Navigation Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Tsakos Energy Navigation's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Tsakos Energy Navigation (Tsakos Energy Navigation) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tsakos Energy Navigation Ltd (NYSE:TNP) » Definitions » Dividend Payout Ratio

Comparable Companies

NGL TK PBT OSG EE NVGS SMLP BROG GEL DLNG TSX:ENB EPD ET WMB OKE MPLX TSX:TRP KMI LNG TRGP

Traded in Other Exchanges

TNPpF.PFD:USA TNPpE.PFD:USA TK41:Germany

Address

367 Syngrou Avenue, Ktirio Macedonia, P.O Box 79141, Palaio Faliro, Athens, GRC, 175 64

Website

https://www.tenn.gr

Tsakos Energy Navigation Ltd is a seaborne transportation service provider for crude oil and petroleum products. The company's carriers cater to national and international independent oil companies and refiners. It generates revenue through charter contracts with its clients, which include time, bareboat, and voyage charters, contracts of affreightment, and pool arrangements.